Companies are finding little to facilitate communication insurance market
South Florida’s entrepreneurs, homeowners do not see relief from rising rates storm.
What may be the corner to them: price can double or even triple. Some commercial property insurers, including shops, restaurants, hotels and offices have been asked to increase by 142 percent to 225 percent. The state has done over the last 34 bids from 10 insurers, most affected by the Hartford Financial Group.
These come at a time when the insurance at any price is always difficult to find. The stakes are enormous for southern Florida, the economy, fuelled by thousands of small and medium-sized businesses, already struggling with slumping housing market and the high cost of living. Rising insurance premiums not only their balance sheets, additional costs to consumers in Ripple pockets.
Frank Nero, President of Beacon Council, Miami-Dade the economic development agency, said a recent survey by the owner of the store, that the costs of insurance, with tax base and county infrastructure transport
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